S&P 500 index continues to recover in anticipation of US-China trade talks outcome

On Tuesday, the S&P 500 index ended the trading session on a high note. According to Reuters, this trend reflects the US stock market's positive sentiment regarding the outcome of US-China negotiations.

The confrontation between the world's two leading economies has greatly unsettled markets this year. Last month, global tensions eased slightly as the two countries agreed to mutually reduce import tariffs. However, the situation has heated up again with Washington's claims that Beijing is not properly fulfilling its obligations under the agreement. US and Chinese officials are currently trying to reach consensus on trade policy again, the news agency reports.

The United States' willingness to engage in negotiations is supporting positive sentiment among market participants. The S&P 500 index is now trading quite close to its February highs, following a serious decline in April caused by Donald Trump's first wave of large-scale import restrictions.

According to Reuters, the US-China negotiations outcome will be announced today, on Wednesday. On the same day, the US Consumer Price Index (CPI) for May is scheduled to be published.